Seco sees revenue up 28% in first quarter

Seco sees revenue up 28 in first quarter

(Tiper Stock Exchange) – Dry proceeded with the processing of pre-closing revenues relating to the first quarter of 2023 which see revenues at 55 million euros, with an organic growth of 28% compared to the first three months of 2022 and in line with the official guidance previously communicated to the market.

This trend – explains the company in a note – “is linked to an expansion recorded in areas with the highest potential including EMEA, APAC and the USA, as well as growth in the CLEA business, which contributed for 6.4 million to the consolidated revenues of Seco (12% of turnover, +75% against the first quarter of 2022).

“The results demonstrate how Seco is successfully evolving its business model with an increasingly significant contribution from CLEA. We can look forward to the coming quarters with confidenceduring which we expect to continue on our organic growth path, thanks to a solid demand for edge computing, data analytics and artificial intelligence solutions driven by the Secular trend of digitalization”, said Massimo Mauri, CEO of Seco.

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